All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Class 1 Exam  >  Class 1 Questions  >  Direction: Read the passage carefully and sel... Start Learning for Free
SaveJoin the Discussion on the App
Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.
The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.
The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.
The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.
In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.
The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.
This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.
Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.
Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.
Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.
Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.
Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.
The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.
“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.
The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.
Q. Choose the synonym of the word 'Restrain'.
  • a)
    Compel
  • b)
    Utter
  • c)
    Constant
  • d)
    Impede
Correct answer is option 'D'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
Direction: Read the passage carefully and select the best answer to ea...
  • The meaning of 'Restrain' is 'prevent or stop'.
  • The meaning of the word 'Impede' is 'prevent or delay'.
  • Hence, the word 'Impede' is the synonym of the word 'Restrain'.
  • Therefore, option (D) is the answer.
Attention Class 1 Students!
To make sure you are not studying endlessly, EduRev has designed Class 1 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 1.
< Previous Question Next Question >
Explore Courses for Class 1 exam

Similar Class 1 Doubts

Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rate d) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the antonym of the word Uncertainty.

Direction: Read the passage carefully and answer the questions that follow.A golden age for Western schools in China may be coming to an end in the face of a new Government clampdown. China has been a happy hunting ground for Western schools in the recent years, as a burgeoning middle class looks to equip their children with the qualifications to get into a Western university, as well as the skills to join a global workforce.The last five years have seen a 64% increase in the number of students enrolled in international schools in China. But from the next year, schools will have to select their students via a lottery, rather than being able to pick and choose from among the applicants. The crackdown has been prompted by fears that foreign-owned schools are poaching the brightest children. The move follows changes introduced last year requiring international schools to teach the Chinese curriculum alongside other national programs.There is a backlash against the rapid increase in private schools in China, particularly from the big public schools where it’s perceived that they have been simply poaching off the best kids. The Chinese government was also concerned at the number of students heading abroad to study, both at school and universities.The international schools market has exploded in China in recent years after the authorities relaxed regulations for Chinese children attending foreign-owned schools. Until then, international schools almost entirely served the children of foreign nationals, but opening them up to Chinese children revealed a massive and previously untapped demand. For the growing Chinese middle class, the schools provided a more reliable route than Chinese national schools for getting into highly-regarded universities in the West, particularly those in the U.S. and U.K. These students, in turn, represent a lucrative source of income, for both the schools themselves and for Western universities.China is the largest source of international students at U.K. universities, accounting for more than one in five at undergraduate and postgraduate level. Some of the most prestigious private schools have sought to capitalize on their brand by opening branches in China in recent years. A record 14 British international schools have opened or are due to open in China this year. Despite the increased ____, there are still opportunities for international schools to open in China, given the "massive demand" among Chinese families. There is a deep desire amongst the wealthy, middle class and young Chinese parents for a Western-style of education. Parents want an international education but also want their children to retain their culture and identity as well as excellent exam results and "places at the top universities."Q.Choose the most appropriate word which is opposite in meaning to crackdown?

Direction:Read the passage carefully and answer the questions that follow.A golden age for Western schools in China may be coming to an end in the face of a new Government clampdown. China has been a happy hunting ground for Western schools in the recent years, as a burgeoning middle class looks to equip their children with the qualifications to get into a Western university, as well as the skills to join a global workforce.The last five years have seen a 64% increase in the number of students enrolled in international schools in China. But from the next year, schools will have to select their students via a lottery, rather than being able to pick and choose from among the applicants. The crackdown has been prompted by fears that foreign-owned schools are poaching the brightest children. The move follows changes introduced last year requiring international schools to teach the Chinese curriculum alongside other national programs.There is a backlash against the rapid increase in private schools in China, particularly from the big public schools where it’s perceived that they have been simply poaching off the best kids. The Chinese government was also concerned at the number of students heading abroad to study, both at school and universities.The international schools market has exploded in China in recent years after the authorities relaxed regulations for Chinese children attending foreign-owned schools. Until then, international schools almost entirely served the children of foreign nationals, but opening them up to Chinese children revealed a massive and previously untapped demand. For the growing Chinese middle class, the schools provided a more reliable route than Chinese national schools for getting into highly-regarded universities in the West, particularly those in the U.S. and U.K. These students, in turn, represent a lucrative source of income, for both the schools themselves and for Western universities.China is the largest source of international students at U.K. universities, accounting for more than one in five at undergraduate and postgraduate level. Some of the most prestigious private schools have sought to capitalize on their brand by opening branches in China in recent years. A record 14 British international schools have opened or are due to open in China this year. Despite the increased ____, there are still opportunities for international schools to open in China, given the "massive demand" among Chinese families. There is a deep desire amongst the wealthy, middle class and young Chinese parents for a Western-style of education. Parents want an international education but also want their children to retain their culture and identity as well as excellent exam results and "places at the top universities."Q. What is the tone of the passage?

Top Courses for Class 1View all

Top Courses for Class 1

Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer?
Question Description
Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? for Class 1 2024 is part of Class 1 preparation. The Question and answers have been prepared according to the Class 1 exam syllabus. Information about Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 1 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 1. Download more important topics, notes, lectures and mock test series for Class 1 Exam by signing up for free.
Here you can find the meaning of Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday left policy rates unchanged at record low levels as it was still unsure about the sustainability of economic recovery due to the second wave of Covid-19 infections.The central bank, however, announced a bond-buying calendar that will ensure that borrowers reap the benefits of a low-interest rate regime.The repo rate, the main policy rate (it is the rate at which the RBI lends money to commercial banks), has been retained at 4 percent because the MPC wants to ensure that “the prospects of sustained recovery are well secured”. “The renewed jump in Covid-19 infections in certain parts of the country and the associated localized lockdowns could dampen the demand for contact-intensive services, restrain growth impulses, and prolong the return to normalcy. In such an environment, continued policy support remains necessary,” the MPC stated. India recently became the second country after the US to report daily fresh infections of over 100,000.In Wednesday’s statement, the MPC retained its assessment of FY22 GDP growth of 10.5 percent. It also raised its projection for consumer price inflation a bit to 5.2 percent for the first half of the current fiscal year.The RBI announced a government securities acquisition programme (GSAP), essentially a calendar of its bond-buying programme, starting with Rs 1 lakh crore of securities purchases in the first quarter of the current fiscal year.This new GSAP programme will run along with the RBI’s regular open market operations and other liquidity management facilities, RBI Governor Shaktikanta Das reiterated in a post-policy announcement interaction. Earlier, the central bank had committed that it would purchase not less than Rs 3 lakh crore of bond purchases in FY22.Meanwhile, the rupee lost 1.5 percent Wednesday, its biggest single-day fall in 20 months, as the RBI laid out plans for the government bond-buying programme.Government bond yields have been rising sharply since the Centre announced a big borrowing programme for the current fiscal. That, along with the rise in sovereign bond yields in the rest of the world, and inflation fears, meant that the yield on the 10-year benchmark government bond, an average of 5.93 percent between April 2020 and January 2021, had risen to a high of 6.25 percent in March.Bond yields and prices move in opposite directions — when there is demand for bonds such as due to extra buying from RBI, bond prices go up while yields come down.Government security yields represent the risk-free rate in the economy and act as a base for all other interest rates. Thus, between February and March-end, yields on AAA corporate bonds (the highest rated) increased by as much as 31 basis points, despite the RBI not increasing rates or withdrawing liquidity.Corporate bond issuance in February at Rs 45,685 crore moderated from its peak of Rs 88,130 crore recorded in December 2020. In effect, the rising bond yields weakened the central bank’s easy monetary stance and it had to do something about it.The RBI’s bond purchase calendar will give confidence to bond market participants that a huge supply of government borrowings will not drive up yields too much. It also supports the easy monetary policy stance at a time when the second wave adds to uncertainty about economic growth and inflation.“The evolving CPI inflation trajectory is likely to be subjected to both upside and downside pressures,” said the MPC. It said that the bumper food grain production and imports should keep a lid on food prices but warned about high international commodity prices, increased logistics costs, and heightened inflation expectations of households as risk factors.The central bank also extended measures to improve credit flow to the economy, some of which were introduced last year to fight the pandemic. It extended its long-term repo operations (lending money to banks), extended refinance facilities for NABARD and SIDBI to help MSMEs, and made it easier for banks to continue lending to sectors such as agriculture and MSMEs via NBFCs.Q. Choose the synonym of the word Restrain.a)Compelb)Utterc)Constantd)ImpedeCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 1 tests.
Explore Courses for Class 1 exam

Top Courses for Class 1

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup